BTC/USD quotes are trading at 81627 and continue to move within the framework of the decline development and the implementation of the “Triangle” model. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. Prices have broken through the area with signal lines downwards, which indicates pressure from sellers of “Digital Gold” and a potential continuation of the development of the bearish impulse of the asset value from the current levels. As part of the cryptocurrency rate forecast for tomorrow, March 12, 2025, we should expect an attempt to develop growth in the value of the digital asset and a test of the resistance level near the 83465 area. From where we should again expect a rebound downwards and an attempt to continue the fall of the Bitcoin rate with a target below the 70205 area.
Bitcoin Forecast and Analysis for March 12, 2025
An additional signal in favor of the fall of BTC/USD quotes will be a test of the resistance line on the relative strength indicator. The second signal in favor of this option will be a rebound from the upper border of the descending channel. The cancellation of the option of falling coin rate and Bitcoin price will be a strong growth of the asset price and a breakout of the 89865 area. This will indicate a breakout of the resistance area and continued growth of the Bitcoin rate with a potential target at 95405. The fall of the asset price will be confirmed by a breakout of the support area with the price fixing below 75205.
Bitcoin Forecast and Analysis for March 12, 2025 suggests an attempt to test the resistance level near the 83465 area. And then, the continuation of the fall of the cryptocurrency with a potential target at 70205. An additional signal in favor of the fall of the Bitcoin rate will be a test of the resistance line on the relative strength indicator. The cancellation of the option of falling digital currency will be a breakout of the 89865 area. This will indicate continued growth of the coin with a potential target above 95405.
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